Interest Rate Help Please

cupotee | 11:08 Sun 24th Mar 2013 | Personal Finance

5 Answers

11.753 @ 4.5%.....

Thankyou.

Isa

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0.528885

Do you mean £11753?

Divide by 100 to work out 1%.
Then multiply by 4.5 to find 4.5%

Maydup

£528.88

I did it as you wrote it, at 11.753 (i.e. 11 point 753) - if you meant 11,753 my answer would be the same as maydup's.

Question Author

Thank you all.

Maydup has simplified it for my "simple" mind.

Always a speedy answer on here.....thanks again.

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